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| Tax-Efficient Income |
| The Fund has been
designed to provide an attractive, tax-efficient total return on investment
through its economic exposure to the Portfolio, an actively managed,
broadly-diversified investment portfolio comprised primarily of income trust
securities and supplemented by common shares, with an emphasis on high quality,
large capitalization issuers. |
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| Liquidity |
| TSX Listing. The
Fund's units can be bought and sold on the TSX under the symbol
HTR.UN |
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| Mandatory Market
Purchase Program. To enhance liquidity and to provide market support for
the Units, the Fund will have a mandatory market purchase program under which
the Fund will, subject to the following exceptions and to compliance with any
applicable regulatory requirements, be obligated to purchase any Units offered
in the market at the then prevailing market price if, at any time, the price at
which Units are then offered for sale is less than 95% of the NAV per Unit as
at the close of business in Toronto, Ontario on the immediately preceding
business day. See the Fund's prospectus for details. |
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| Redemptions.
Commencing in 2007, a Unit may be surrendered for redemption on April 30 in
each year by giving notice thereof to MFL Management Limited (the registrar and
transfer agent) at least 20 business days prior to April 30 of such year, in
order for such Unit to be redeemed on April 30 of such year (a Valuation Date).
Units properly surrendered for redemption by a Unitholder will be redeemed at a
redemption price per Unit calculated with reference to the NAV of the Fund
determined as of the applicable Valuation Date less any costs associated with
the redemption. A Unitholder who properly surrenders a Unit for redemption will
receive payment on or before the 15 th business day following such Valuation
Date subject to the Funds right to suspend redemptions in certain
circumstances. For further information, please refer to the Fund's
prospectus. |
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| Eligibility For Investment |
| The Fund's units are
considered Canadian property for RRSPs, RRIFs, DPSPs and RESPs. |
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